Business

Rouble reforms 06 Nov 2014 - 07:58 am

A man passes by a board showing currency exchange rates in St Petersburg yesterday. Russia’s central bank took a major step towards floating...

Surging dollar sends gold price to 4-year low 06 Nov 2014 - 07:54 am

LONDON: Gold sank more than 2 percent yesterday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as...

Qatar index dips 1.96pc, oil drop weighs on Gulf 06 Nov 2014 - 07:52 am

Doha: Qatar Stock Exchange index dropped 270.62 points, or 1.96 percent when the bourse closed at 13,528.67 points yesterday as weak oil prices...

Abu Dhabi may reform power, water subsidies: IMF official 06 Nov 2014 - 07:52 am

DUBAI: The government of the emirate of Abu Dhabi is looking at ways to reform its system of subsidies for electricity and water,...

Barwa to retain BAS shares in asset deal with Qatari Diar 06 Nov 2014 - 07:52 am

Doha: Barwa Real Estate Company and Qatari Diar Real Estate Investment Company have decided to exclude from their asset transfer deal the shares...

Boeing plans to develop new airplane to replace 737 MAX by 2030 06 Nov 2014 - 07:51 am

ABU DHABI: Boeing Co has sketched out plans to develop an all-new aircraft, with new engines and likely a composite structure, to replace...

Pakistan takes EU to WTO over PET trade 06 Nov 2014 - 07:51 am

GENEVA: Pakistan launched a trade dispute at the World Trade Organisation to challenge the European Union’s punitive duties on Pakistani exports of polyethylene...

Fed rule to prevent oversized US financial firms 06 Nov 2014 - 07:50 am

WASHINGTON: The US Federal Reserve unveiled a final rule yesterday designed to prevent large financial firms from becoming so big that their failure...

Google Glass likely to obstruct peripheral vision 06 Nov 2014 - 07:50 am

WASHINGTON: People wearing Google Glass may experience significant blind spots on their right side, which could interfere with tasks such as driving, crossing...

China reforms to loosen grip on some state firms 06 Nov 2014 - 07:50 am

BEIJING: China is set to publish a planning document aimed at improving the country’s inefficient state-led firms by harnessing the power of the...

Etisalat to cut profit by $44m 06 Nov 2014 - 07:17 am

DUBAI: Etisalat will cut its profits by Dh162m ($44m) because of the decision by Saudi Arabian affiliate Mobily to restate 18 months of...

US services sector slows in October 06 Nov 2014 - 07:17 am

WASHINGTON: US services industry activity slowed for a second straight month in October, the latest indication the economy has lost some momentum. Still,...

Hope for women’s clothing as M&S profits rise 06 Nov 2014 - 07:16 am

LONDON: A glimmer of improvement in women’s clothing helped British retailer Marks & Spencer post the first rise in first-half profit in four...

Eurozone business growth weak 06 Nov 2014 - 07:16 am

LONDON: Eurozone business growth picked up less than expected in October despite much deeper price cutting, according to business surveys yesterday that gave...

Aer Lingus staff back pension deal 06 Nov 2014 - 07:15 am

DUBLIN: Aer Lingus employees approved proposals to plug the airline’s pension deficit yesterday, a major hurdle in resolving an issue that analysts say...

UK’s Milford Haven refinery sale fails 06 Nov 2014 - 07:15 am

LONDON: A deal to rescue the UK’s Milford Haven oil refinery has collapsed, forcing operator Murphy Oil to shut the plant with the...

Qatar, South Korea sign slew of deals during Emir’s visit 06 Nov 2014 - 04:33 am

Seoul: The Emir H H Sheikh Tamim bin Hamad Al Thani held yesterday a session of official talks with President of South Korea...

GCC debt issuance slows down in Q3 06 Nov 2014 - 03:19 am

DOHA: Growth in the GCC’s outstanding bonds was held back in the third quarter of 2014 (Q3, 2014) by weak non-financial sector issuance....